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Bed: 3 + 1
Bath: 4
Area: 2000 Sqft
Look no further! This is your opportunity to live in such a desirable neighborhood! This well maintained family home boasts over 2000 sqft of living space, 9Ft ceilings on the main floor and a fully equipped In-Law suite in the fully finished basement. You have a very functional main floor plus three bedrooms and two […]
View ListingThe Toronto and Region residential resale numbers for June are a mix of good, bad and strange news. Let’s begin with the good news.
In June, the Toronto Regional Real Estate Board reported 6,243 home sales. Although the number of reported sales was 2.4 percent fewer than the 6,397 reported sales last June, the comparison was the smallest negative year-over-year variance of 2025. For example, the negative variance was more than 23 percent in April and over 13 percent in May. Also, June represented the 5th consecutive month that saw an increase in sales compared to the month before.
The decline in sales was more pronounced in the 905 Region than in the City of Toronto. On average, sales of detached, semi-detached, and townhouse properties in the 905 Region dropped by 25 percent compared to last March, while similar property types in the City of Toronto declined by just 12.6 percent. The 905 Region accounts for approximately 62 percent of all reported sales. The average sale price for the Toronto and Region resale market decreased by 2.5 percent in March, from $1,120,984 last year to $1,093,254 this year. This average sale price, however, does not reflect a homogeneous market.
As in the case of sales, average sale prices are similarly bifurcated. The average sale price for detached, semi- detached, and townhouse properties sold in March dropped by 5 percent compared to March 2024. However, similar housing types in the City of Toronto saw a 1.3 percent increase in average sale prices. Given that there were 3,539 combined sales of detached, semi-detached, and townhouse properties in the 905 Region, compared to only 962 in the City of Toronto, the declines in average sale prices and sales are disproportionately reflected in the overall sales and average sale prices for the Toronto and Region market.
The resale market has developed momentum through the first half of 2025. The resale market stalled at the beginning of the year when tariff and economic uncertainty initiated by the Trump administration caused buyers to freeze and to put buying on hold, particularly when they received no help from the Bank of Canada and mortgage interest rates have remained above 4 percent. It appears that as the year has progressed, buyers – at least some of them – have adjusted and have now entered the market.
On the negative side, two numbers can not be ignored – inventory and the average sale price for all properties reported sold.
